The European Central Bank (ECB) has just lowered its key rate, and the Fed is expected to do the same soon.
This is excellent news, but the European and worldwide macroeconomic situation remains unstable and precarious.
We must not forget that the ECB's key rate is NOT linked 1:1 to the rates applied for real estate loans in Luxembourg, so we should not expect significant downward revisions in the short term!
Let's carefully follow the evolution of the financial markets in Q3-4/24, as well as the elections in the US, wait for the ECB's next decisions in Q4/24 (with a possible additional reduction in the key rate) and take stock at the end of 2024 , we will certainly have a clearer trend in the evolution of bank rates.
